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AIMA CEO Jack Inglis said: “While the impact of Basel III on banks may be well understood, it is clear that many hedge fund management firms are struggling to see how these capital requirements will affect the cost of doing businesses. With this survey, we are hoping to cut through some of the noise and better understand what managers have seen so far and how they expect their relationships with their prime brokers and other financing counterparties to change.”
Mr Inglis added: “We are delighted to be partnering with S3 Partners on this important industry project. As this project will inform the position that we take on Basel III on behalf of the global hedge fund industry, we would encourage as many hedge fund managers globally as possible to complete the survey, to ensure their views and experiences are taken into account.”
S3 Partners CEO Bob Sloan said: “Hedge funds and asset managers should be used to hearing their counterparties speaking about return on assets, optimization and collateral management, but the surprising thing is that there’s still no industry-wide understanding of what exactly these concepts mean. One goal of the survey is to make life easier for the fund managers by standardizing definitions for the many ‘buzzwords’ that exist in the new environment of Basel III.”